KKR Slashes Dollar General Stake in Half

KKR, still the discount retailer's top holder, cut its stake to 7.4% from 16.4%.

Six Dollar General insiders including the chief executive and a majority shareholder sold a whopping 29,869,278 shares on April 3 for a total of $1,497,874,307, or $50.75 each, as part of a secondary offering.

Kohlberg Kravis Roberts & Co. (ticker: KKR) sold 29,494,346 Dollar General (DG) shares for $1,478,846,508, reducing its direct holdings to 24,650,665 shares, or a 7.4% stake, down from 16.4%. KKR remains the largest...